“…the Committee sees the improvement in economic activity and labor market conditions since it began its asset purchase program a year ago as consistent with growing underlying strength in the broader economy. However, the Committee decided to await more evidence that progress will be sustained before adjusting the pace of purchases“- Federal Open Market Committee statement of October 30, 2013 from the Federal Reserve deciding to keep their quantitative easing program intact.

The Decision – No Taper
The Fed met earlier this week and again delayed the moment when they might start to shut down their money printing quantitative easing (QE) $85 billion a month asset purchase program.


In their statement they gave the impression that the five year long QE program is not permanent and would end at some point in the not identified future.
But for now the Fed is relying on misplaced confidence in a pick up in economic activity in the not identified future stating in their release: “the Committee expects that, with appropriate policy accommodation, economic growth will pick up from its recent pace and the unemployment rate will gradually decline toward levels the Committee judges consistent with its dual mandate.”

How much inflation do you want?

http://smaulgld.com/october-2013-fed-meeting-review/